A recent UK Treasury report, supported by the Financial Conduct Authority, highlights cryptocurrency firms as particularly vulnerable to money laundering, alongside traditional financial sectors.
The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks...
Since law enforcement disrupted the activities of the criminal group on February 20, LockBit ransomware has been used for at least fourteen data breaches
The notorious group, which offers ransomware-as-a-service, has already restored a part of its infrastructure and enhanced security against law enforcement agencies attacks.
British civil servant caught mining cryptocurrency on government property during COVID-19 pandemic. Karl Beacham resigned after illegally mining Litecoin, citing earlier management approval. Mining on government property can be detected by...
Abolition of tax incentives The Swedish crypto mining industry, which was hit hard last year by soaring energy prices, is facing a new challenge. This is a big increase in electricity bills coming in July this year. According to Sweden’s fiscal...
Mining started at a nuclear mining facility US mining company TeraWulf announced on the 6th that it has started mining Bitcoin (BTC) at a crypto asset (virtual currency) mining facility that runs on 100% nuclear energy. Terrawolf has a mining...
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